Good MorningEquity markets slipped on Thursday following a round of weaker-than-expected data. While the rise in jobless claims, the shortfall in the Philly Fed MBOS, and weaker-than-expected housing data suggest softening in the economy, none were truly bearish. Jobless claims are trending at healthy levels, the Philly Fed MBOS points to economic expansion, and housing data aligns with trends. The question is whether the trends will remain in place while the FOMC waits for inflation to cool or if the economy will tip into a recession. However, the odds of a recession are low, so the market should continue to climb its wall of worry.
The next big hurdle for markets won't come until next Friday. The May read on income, spending, and consumer inflation is due and expected to align with the recent CPI data. The CPI shows inflation cooling but at a slow pace, which is unlikely to allow the FOMC to cut rates before November or at the pace markets have priced in. However, if the data aligns with cooling inflation and an FOMC pivot to lower rates, the market rally will likely continue. Featured: A way to target $500 each week? (DTI) 
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Markets | | | Investors can often dissect the reasoning behind some of the world's brightest minds' choices, remembering not to blindly follow them. The investing world is always focused on what mega investors like Warren Buffett or Ray Dalio have been buying or selling lately; however, other gems in other area... Read the Full Story >> |
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Markets | | | The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry. However, the demand for housing remains resilient, driven by favorable demographics ... Read the Full Story >> |
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Markets | | | Advanced Micro Devices (NASDAQ: AMD) stock is ready for another run higher; all you have to do is ask its investors. They’ll say yes. The question is whether the stock can make another run higher, and the answer is also yes. Late to the AI game, AMD AI accelerators are flooding the market an... Read the Full Story >> |
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Markets | | | Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38 trillion yen a year earlier. Import... Read the Full Story >> |
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Markets | | | Kimberly-Clark (NYSE: KMB) proved worthy of the Dividend King title in the last two years. The company struggled with volume declines and sluggish performance that caused analysts to cut sentiment, curb price targets, and cap the market for its stock. Fast forward to today, and the story has chang... Read the Full Story >> |
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Markets | | | World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.The future for the Dow Jones Industrial Average was down 0.1% while that for the S&P 500 rose 0.1%. U.S. markets are cl... Read the Full Story >> |
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Stocks | | | Global shares were mostly lower Friday after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. France's CAC 40 dipped 0.1% to 7,661.64 and Germany's DAX fell nearly 0.2% to 18,227.44. Britain's FTSE 100 declined 0.3% to 8,251.91. The future for the Dow Jones Industrial Aver... Read the Full Story >> |
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Markets | | | Aurora Cannabis (NASDAQ: ACB) released its fourth-quarter 2024 earnings report today, revealing a company at a potential turning point. For the first time in its history, Aurora Cannabis’s financials reported a positive annualized adjusted EBITDA, signaling a move towards sustained profitabi... Read the Full Story >> |
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Markets | | | The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a premature cut could stoke another bout of price rises.For the second meeting in a row, seven of the nine members of th... Read the Full Story >> |
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Markets | | | Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. In addition, the company's b... | | View Today's Stock Pick |
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